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Sarah paid $30 in interest to borrow $4800 for 3 months. What annual interest rate did Sarah pay?

Sarah paid $30 in interest to borrow $4800 for 3 months. What annual interest rate did Sarah pay?
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Sarah paid $30 in interest to borrow $4800 for 3 months. What annual interest rate did Sarah pay?

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User AndreyICE
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Sarah paid $30 in interest to borrow $4800 for 3 months. What annual interest rate did Sarah pay? Your answer 0.625%
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User MaVCArt
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